crypto for consultant: the twin capital cost of owning bitcoin itself. (laughs)

What happened to the CLARITY Act?

The U.S. CLARITY Act, which was proposed to address a long-standing problem in the crypto industry of uncertainty over what digital assets and activities are regulated by either SEC (the United States Securities and Exchange Commission) or CFTC (Commodity Futures Trading Commission), failed to pass, leaving much legal confusion.

Why is this important?

The big problem with the U.S. cryptocurrency market is that regulatory power has been split between two agencies, CoinDesk who have reported on it and Cointelegraph who are tracking its progress through legislation. If CLARITY Act passes, it will accelerate financial institution involvement and new product development, but the failure of this bill leaves such uncertainty intact.

How is the impact of Bitcoin different from other cryptocurrencies?

Here's the key issue that analysts point out: impact on crypto markets as a whole. It was bigger. Affecting Bitcoin people in particular.

The reason is that Bitcoin has a fairly mature institutional infrastructure, which includes the following:

• ETF , the spots. That's been approved for sale.
• The Furies promise. That's under direct supervision.
• The custody solution. Which is acceptable.

On the other hand, many digital assets and other crypto businesses continue to operate in an ambiguous regulatory environment.

What should investors take away from this?

The proposed view is that for Bitcoin investors, this outcome should be viewed as Delaying legal clarity. More than a change in fundamental investment ethics.

What investors should be aware of: The market often treats "crypto" as if it were all the same type of asset, but the investment and regulatory characteristics of Bitcoin may differ significantly from individual tokens or different crypto businesses.

For the Thai investors.

US legal uncertainty often affects the volatility of global markets, which translates to prices expressed in dollars ( THB ) on Bitkub and domestic trading platforms. Meanwhile, the principle that Bitcoin and other tokens do not have the same legal status is an issue that investors around the world including those in Thailand and Myanmar should use separately before deciding.